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Fossil Energy

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Aker Solutions breaks quarterly order intake record with new Aker BP contracts
Fossil Energy

Aker Solutions breaks order intake record with new Aker BP contracts

Norwegian oilfield services provider Aker Solutions has secured multiple contracts with compatriot oil and gas company Aker BP, which combined represent the largest value of contract awards in a single quarter in its history. Following Aker BP’s submission of plans for development and operation (PDO

about 3 years ago
Eight new wells in Trillion's next year plan
Fossil Energy

Eight new wells in Trillion’s next year plan

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Canadian oil and gas producer Trillion Energy is planning to bring on eight new wells or workovers into production next year through continuous drilling on a natural gas field in the Black Sea offshore Türkiye. Bringing what the company describes as a “transformative year” to an end, Trillion announ

about 3 years ago
Serica Energy buying North Sea operator in £367 million deal
Fossil Energy

Serica Energy buying North Sea operator in £367 million deal

UK-based oil and gas company Serica Energy has entered into an agreement with compatriot Tailwind Energy Holdings to acquire the entire issued share capital of Tailwind Energy Investments in a deal worth approximately £367 million. The consideration for the acquisition comprises the issue of up to 1

about 3 years ago
Joint venture formed to develop Italy's first carbon capture and storage project
Fossil Energy

Joint venture set up for Italy’s first carbon capture and storage project

Italy’s oil and gas giant Eni and energy infrastructure operator Snam have formed a joint venture to develop the first carbon capture and storage (CCS) project in Italy. Eni CEO Claudio Descalzi and Snam CEO Stefano Venier signed an agreement on 19 December to jointly develop and manage Phase 1 of t

about 3 years ago
Offshore drilling contractor taps Scana company for deep-water riser system
Fossil Energy

Offshore drilling contractor taps Scana company for deep-water riser system

Scana-owned PSW Technology has signed an agreement with offshore drilling contractor Northern Ocean Operations for the sale of a complete marine riser system for ultra-deep-water operations. The contract includes project management, inspection, repair and logistics of the marine riser system. Work s

about 3 years ago
Subsea 7 scores Aker BP trifecta
Fossil Energy

Subsea 7 scores trifecta with Aker BP

Norwegian oil and gas company Aker BP has awarded Subsea 7 with three contracts for the delivery of equipment and installation services for projects located offshore Norway. Subsea 7 confirmed the award of a “major” contract for the Yggdrasil field development project, formerly NOAKA, a “large” cont

about 3 years ago
Three North Sea operators fined amid crackdown on risks to UK’s net-zero and energy security
Fossil Energy

North Sea operators fined amid crackdown on risks to UK’s net-zero and energy security

UK’s regulator North Sea Transition Authority (NSTA) has fined EnQuest, Equinor, and Spirit Energy a total of £265,000 or $322,437.

about 3 years ago
INTOG leasing illustration (Courtesy of Crown Estate Scotland)
Fossil Energy

In focus: Oil and gas electrification gains ground as offshore energies forge closer ties

Offshore energy industries, which up until recently had little in common, are becoming increasingly intertwined as governments and private sectors step up their game for a more integrated and sustainable energy mix of the future.

about 3 years ago
Plans unveiled for $20.4 billion investments in ten oil & gas projects
Fossil Energy

Plans unveiled for investments of $20.4 billion in ten oil & gas projects

Aker BP has submitted a PIO and ten PDOs for oil and gas projects to the Norwegian Ministry of Petroleum and Energy.

about 3 years ago
Valaris’ new rig deals to bring total backlog of $275 million
Fossil Energy

Valaris’ new rig deals bring total backlog of $275 million

Valaris has been awarded new contracts for a drillship and three jack-up rigs and contract extensions for three more rigs.

about 3 years ago
Highest FPS throughput capacity since 2010 greenlighted in 2022, says Westwood
Fossil Energy

Highest FPS throughput capacity since 2010 greenlighted in 2022, says Westwood

Westwood has outlined that 2022 will have the highest floating production system (FPS) throughput capacity sanctioned since 2010.

about 3 years ago
Vår Energi to address nonconformity for its FPSO modification project
Fossil Energy

Vår Energi to address nonconformity for its FPSO modification project

Norwegian regulator has carried out an audit of Vår Energi and its management of barriers and maintenance on an FPSO modification project.

about 3 years ago
Equinor all set to drill North Sea wildcat
Fossil Energy

Equinor all set to drill North Sea wildcat

Equinor has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 3 years ago
Equinor tasked with assessment of improvement points for North Sea platform
Fossil Energy

Equinor tasked with assessment of improvement points for North Sea platform

Norwegian offshore safety regulator has carried out an audit at one of the Equinor-operated North Sea platforms.

about 3 years ago